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The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law., That which one is under obligation to pay, or for which one is liable., the sum of one's pecuniary obligations; -- opposed to assets.
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What is liability economics?
what is meaning of liability in accounting
What is a word meaning legally responsible?
Legal Liability. Liability.
What is the meaning of outstanding liability?
The amount of liability which is yet to be paid as on the balance sheet date is known as outstanding liability
Meaning of carve back in liability insurance?
an exception
What is the meaning of W.L.L?
With Limited Liability in a business organization
What is the meaning of immune from liability?
= not responsible for If one is immune from liability then that person cannot be held responsible for the reason that person has immunity from.
What is the meaning of contigent liability?
I liability that may be incurred depending upon future event(s) Example- let there is a claim on a company existence of that liability is depends on decision of court so existence of that liability is uncertain so we can say that contigent liability is that liability which may occur or may not. ..
Does a debit decrease liability?
Yes, a debit decrease liability and a credit increase liability. if a debtors/customer make the repayment obligation, it will decrease debtors, meaning decrease in liability.
What is the meaning of the acronym LLC in business terms?
Limited Liability Company
What is the meaning of contigency?
I liability that may be incurred depending upon future event(s) Example- let there is a claim on a company existence of that liability is depends on decision of court so existence of that liability is uncertain so we can say that contigent liability is that liability which may occur or may not. ..
What is the meaning of ltd?
The initials LTD are used with a company that has been incorporated. The LTD meaning is that the company has limited liability and limited asserts.
What meaning of accountability?
The state of being accountable; liability to be called on to render an account; accountableness.
